Fourth Quarter 2012 Earnings Call February 1, 2013 David Rosenthal Vice President Investor Relations & Secretary
Business Environment Global economic growth remained weak in the fourth quarter U.S. GDP declined slightly Japan and Europe economies remain challenged Chinas growth rate showed some improvement Higher U.S. natural gas prices,…
4Q12 Financial Results Achieved strong results while investing for the long term Earnings 9.95 Earnings Per Share Diluted (dollars) 2.20 Shareholder Distributions 7.6 CAPEX 12.4 Cash Flow from Ops and Asset Sales* 14.0…
4Q12 Sources and Uses of Funds Superior cash generation provides ability to fund robust projects, return cash to shareholders, and maintain financial flexibility Beginning Cash 13.3 Earnings 9.95 Depreciation 4.1 14.0 Working…
2012 Financial Results Delivered strong results and maintained financial strength while building shareholder value Earnings 44.9 Earnings Per Share Diluted (dollars) 9.70 Shareholder Distributions 30.1 CAPEX 39.8 Cash Flow…
2012 Sources and Uses of Funds Strong operating performance and ongoing asset management program led to superior cash generation Beginning Cash 13.1 Earnings 44.9 Depreciation 15.9 63.8 Working Capital / Other (4.7) Proceeds…
Total Earnings 4Q12 vs. 4Q11 Earnings increased by 550M, primarily due to higher refining and chemical margins, partially offset by production volumes and lower gains on asset sales Millions of Dollars 415 (141) 9,950 9,400…
Total Earnings 4Q12 vs. 3Q12 Earnings increased by 380M primarily due to higher production volumes and gains on asset sales, partly offset by lower refining margins Millions of Dollars 1,789 (1,422) 168 (155) 9,950 9,570…
Total Earnings 2012 vs. 2011 Earnings increased by 3.8B primarily due to divestment and restructuring gains, higher refining margins, partially offset by lower production volumes Millions of Dollars 8,731 (485) 118 44,880 41,060…
Upstream Major Projects Advanced global portfolio of high-quality projects Kearl Initial Development phased start-up activities progressing Construction complete First bitumen anticipated in 1Q13 Hebron Project sanctioned 700…
Upstream Conventional Exploration Successful conventional exploration activities EM Pursuits Tanzania Tugela South Successful Lavani-2 well South Africa Spud Zafarani-2 appraisal well South Africa Map with Acreage Position…
Upstream Unconventional Liquids Progressing high-potential, liquids-rich unconventional opportunities CARIBBEAN Colombia SEA Lake Maracaibo Drilled and testing first well Mono Araa 1 COLOMBIA Argentina Evaluating well test…
Upstream Earnings 4Q12 vs. 4Q11 Earnings decreased 1.1B reflecting lower volumes and lower gains on asset sales Millions of Dollars 8,829 (70) (400) (600) 7,762 4Q11 Realization Vol/Mix Other 4Q12 Note: earnings exclude…
Upstream Volumes 4Q12 vs. 4Q11 Volumes decreased 5.2%: liquids -47 kbd, natural gas -1,136 mcfd koebd 4,530 (109) 12 (44) (96) 4,293 4Q11 Entitlements Quotas Divestments Net Growth 4Q12 15
Upstream Earnings 4Q12 vs. 3Q12 Earnings increased 1.8B primarily due to higher volumes, gains on asset sales, and tax items Millions of Dollars 1,180 7,762 660 5,973 (50) 3Q12 Realization Vol/Mix Other 4Q12 Note:…
Upstream Volumes 4Q12 vs. 3Q12 Volumes increased 8.4%: liquids +87 kbd, natural gas +1,480 mcfd koebd 248 4,293 3,960 92 0 (7) 3Q12 Entitlements Quotas Divestments Net Growth 4Q12 17
Upstream Earnings 2012 vs. 2011 Earnings decreased 4.5B reflecting lower volumes, higher expenses, tax items, and lower gains on asset sales Millions of Dollars 34,439 (110) (2,340) (2,100) 29,895 2011 Realization Vol/Mix…
Upstream Volumes 2012 vs. 2011 Volumes decreased 5.9%: liquids -127 kbd, natural gas -840 mcfd koebd 4,506 (139) 9 (61) (76) 4,239 2011 Entitlements Quotas Divestments Net Growth 2012 19
Upstream 2012 Volumes Actual vs. March Outlook 2012 volumes below outlook Volumes (koebd) 4,400 4,200 Operational performance 4,000 approximately 1% below outlook Analyst Mtg. 111 Brent 3,800 Spend, higher prices and…
Downstream Earnings 4Q12 vs. 4Q11 Earnings increased 1.3B mainly due to improved refining margins Millions of Dollars 80 1,768 80 1,180 425 4Q11 Margin Vol/Mix Other 4Q12 Note: earnings exclude special items, if…
Downstream Earnings 4Q12 vs. 3Q12 Earnings decreased 1.4B due to lower refining margins and reduced gains on asset sales, partly offset by refining optimization effects Millions of Dollars 3,190 (1,410) 260 (270) 1,768…
Downstream Earnings 2012 vs. 2011 Full-year earnings increased 8.7B due to improved refining margins, the Japan restructuring, and gains on asset sales Millions of Dollars 5,910 13,190 2,640 180 4,459 2011 Margin…
Chemical Earnings 4Q12 vs. 4Q11 Earnings increased 415M primarily due to higher margins Millions of Dollars 70 958 330 20 543 4Q11 Margin Vol/Mix Other 4Q12 Note: earnings exclude special items, if applicable. See IR…
Chemical Earnings 4Q12 vs. 3Q12 Earnings increased 168M mainly due to higher margins Millions of Dollars 180 (10) 0 958 790 3Q12 Margin Vol/Mix Other 4Q12 Note: earnings exclude special items, if applicable. See IR…
Chemical Earnings 2012 vs. 2011 Earnings decreased 485M mainly due to lower margins Millions of Dollars 4,383 (440) (100) 50 3,898 2011 Margin Vol/Mix Other 2012 Note: earnings exclude special items, if applicable. See IR…
Summary ExxonMobils strong financial and operating performance reflects the value of our integrated business model and competitive advantages Billions 4Q12 2012 ExxonMobil possesses unique competitive advantages that create…
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